M&T Bank Corp Has $4.05 Million Holdings in Exelon Co. (NASDAQ:EXC)

M&T Bank Corp grew its position in shares of Exelon Co. (NASDAQ:EXC) by 1.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 99,817 shares of the company’s stock after acquiring an additional 1,824 shares during the period. M&T Bank Corp’s holdings in Exelon were worth $4,047,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its position in Exelon by 1.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 860,020 shares of the company’s stock worth $34,874,000 after buying an additional 9,447 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Exelon during the 3rd quarter worth about $1,748,000. MML Investors Services LLC increased its holdings in shares of Exelon by 4.2% during the 3rd quarter. MML Investors Services LLC now owns 71,223 shares of the company’s stock valued at $2,888,000 after acquiring an additional 2,878 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Exelon by 13.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 9,118 shares of the company’s stock valued at $370,000 after acquiring an additional 1,051 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Exelon in the 3rd quarter worth approximately $204,000. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $36.83 on Friday. The business’s 50 day moving average is $39.09 and its 200-day moving average is $37.86. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $37.01 billion, a PE ratio of 15.16, a PEG ratio of 2.62 and a beta of 0.54. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.42.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. Sell-side analysts predict that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.13%. The ex-dividend date is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Barclays increased their price target on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Scotiabank raised their target price on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday. Jefferies Financial Group started coverage on shares of Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price for the company. UBS Group raised their price target on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, Morgan Stanley decreased their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus price target of $41.42.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.